Treasury Secretary Scott Bessent announced a major campaign to cut off every remaining economic lifeline to Iran. Key points: * Any economic engagement with Iran will expose those involved to the “full reach of American power.” * No one is beyond the reach of US sanctions — including China. * Countries have a limited timeline to shut down identified activities (including closing Iran’s bank branches abroad). * President Trump is personally calling world leaders asking them to stop dealing with Iran. * New sanctions target 5 key sectors: digital assets, technology, gold, aviation & shipping. * Over 60 entities, individuals and vessels already sanctioned. Bessent’s message was clear: the goal is complete economic isolation of the Iranian regime. This is a significant escalation. Worth watching how major countries respond.